EUR/USD Technical Analysis: caught in a wedge, looking for a break away from 1.1350

EUR/USD continues to favour the middle in rough sideways action, whipsawing on rough intraday action as the major pair finds itself strung up on the 200-period MA.

Joshua Gibson FXStreet

EUR/USD, 5-Minute

The past two weeks show the Fiber forming into a rough sideways channel, and deviations are continuing to favour a return to the mean as the Euro struggles to pull away from the 1.1350 region.

EUR/USD, 30-Minute

4-hour candles remain in a coiling sideways wedge as markets remain constrained amidst broader investor concerns, and trend-weary EUR/USD traders will be looking for a well-defined break of the current wedge before piling into dedicated positions.

EUR/USD, 4-Hour

EUR/USD

Overview:
    Today Last Price: 1.1333
    Today Daily change: -12 pips
    Today Daily change %: -0.106%
    Today Daily Open: 1.1345
Trends:
    Previous Daily SMA20: 1.1348
    Previous Daily SMA50: 1.1427
    Previous Daily SMA100: 1.152
    Previous Daily SMA200: 1.1751
Levels:
    Previous Daily High: 1.1362
    Previous Daily Low: 1.1311
    Previous Weekly High: 1.1402
    Previous Weekly Low: 1.1267
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1342
    Previous Daily Fibonacci 61.8%: 1.133
    Previous Daily Pivot Point S1: 1.1317
    Previous Daily Pivot Point S2: 1.1288
    Previous Daily Pivot Point S3: 1.1266
    Previous Daily Pivot Point R1: 1.1367
    Previous Daily Pivot Point R2: 1.139
    Previous Daily Pivot Point R3: 1.1418

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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